WASHINGTON, Oct 2 — Global markets sank and oil soared yesterday, after Iran launched around 180 missiles at Israel, prompting fears of a region-wide conflagration after almost a...
Student in minister’s viral post on using gunny sack as luggage says was just gaming Sabah university’s two-bag limit
US and European stocks turned sharply lower after the strikes, which Iran launched in response to the killings of Tehran-backed militant leaders. Gold, considered a safe haven asset, jumped around one percent to a new record high just above $2,600 an ounce because of the tensions. “Participants cast a wary eye toward escalating Middle East tensions and a US port strike while awaiting the first batch of this week’s pivotal US jobs and manufacturing data,” said Joe Mazzola, a strategist at Charles Schwab.
Paris lagged behind other European bourses as new Prime Minister Michel Barnier presented the policies of his fragile minority government to parliament, including spending cuts and higher taxes for companies. Tokyo closed up almost two percent, paring some of Monday’s nearly five-percent drop, as the yen pulled back against the dollar, giving Japanese exporters some much-needed relief.
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